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The ECB’s Noose Around Greece: How Central Banks Harness Governments

Remember when the infamous Goldman Sachs delivered a thinly-veiled threat to the Greek Parliament in December, warning them to elect a pro-austerity prime minister or risk having central bank liquidity cut off to their banks? It seems the European Central Bank (headed by Mario Draghi, former managing director of Goldman Sachs International) has now made good on the threat.

EDITOR'S CHOICE | 21.03.2015


 

Germany between a rock and a hard place

We are only beginning to evaluate what SYRIZA’s victory may mean for the Eurozone. As a matter of fact, this victory is calling Germany’s bluff and forces into the open its double talk about the Eurozone. Yet, deprived as it is of room for manoeuver, Germany might react violently and indirectly provoke the dissolution of the Eurozone, even though it is presently its mean beneficiary. In order to make this understandable, we must here remember a few facts.

EDITOR'S CHOICE | 31.01.2015


 

Greece Eurozone Exit Is In The Wind. Is it A Harbinger of EU Disintegration Process?

One of the issues to hit the news in early 2015 is the possibility of Greece leaving the eurozone, or, even, the European Union. German weekly Spiegel reported that Chancellor Angela Merkel now believed that the eurozone could cope with Athens leaving the common currency in case the Coalition of the Radical Left (SYRIZA) wins the January 25 parliamentary election. Rejections followed (allegedly Chancellor Merkel said something else) but there is no smoke without fire. The Greece eurozone exit has been in the wind since a long time. On the one hand, it can remedy the eurozone economic situation. On the other hand, the very fact of such a possibility being discussed could be perceived as a harbinger of EU disintegration process about to kick off... 

Valentin KATASONOV | 13.01.2015


 

Where Europe Heads to? Harbingers of Political Storm

The daily routine has distracted the attention of ruling circles in Europe. They have failed to see in time the erosion of political order due to growing interference of EU supranational structures into the affairs of national states. The first warning was sounded during the May 2014 European Parliament election. Miscellaneous and sundry political parties united in their anti-EU drive received 30% of the votes. The Treaty of Lisbon was concluded in 2007 to replace the failed EU Constitutional Treaty. Since then it has become clear that the European integration is quite a reversible process...

Vladimir NESTEROV | 14.12.2014


 

Greece and the EU: Harmony or Truce?

The recent rerun in Greece gave the EU a sense of certainty Europe had lacked for quite some time... Nevertheless, the current state can be described as a truce rather than as regained harmony, and the tendency of EU fragmentation along geographic lines or into distinct groups of heavyweights on the one side and their smaller peers on the other will surely persist...

Pyotr ISKENDEROV | 21.06.2012




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OUR COLUMNIST
    Nil NIKANDROV

Latin America, China and USA

...China has been cooperating with Latin America in the field of space research for many years. Chinese state-owned company China Great Wall Industry Corporation and the Venezuelan government have signed an agreement to build and deliver into orbit Venezuela's third satellite. It’ll be used for intelligence gathering... China plans to build an antenna for deep space observation in Argentina's southern Patagonia region in Neuquen province. It also takes part in the Latin American effort to boost its defense capability. Chinese experts help Venezuela to produce drones for monitoring the Amazonian region...

29.03.2015
 
 
 
 
 
 
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